2018 sees growth in independent stores across shopping centres as landlords look for diversity and unique occupiers to replace closing chains

Data released today by the Local Data Company and the British Independent Retailers Association (Bira) shows that 2018 saw growth in the number of independent stores in shopping centres, with 1,951 new openings leading to a net gain of +87 (+1.1%) compared to a net decline of -88 in 2017 (-1.1%). Independent retailers played key role in replacing the net loss of -811 chains in shopping centres - due to retailers rationalising estates. Shopping centre owners are becoming increasingly creative with vacant space, splitting it into smaller units which are more suitable for independent occupiers.

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